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J&J beats fourth-quarter earnings expectations, will release Covid vaccine data ‘soon’

January 26, 2021 by admin 0 Comments

Finance

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Johnson & Johnson Coronavirus vaccine illustration

Dado Ruvic | Reuters

Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street’s expectations.

Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv:

Adjusted EPS: $1.86 per share versus $1.82 expected.

Revenue: $22.48 billion versus $21.67 billion expected.

“I’m incredibly proud of our Johnson & Johnson teams around the world for going above and beyond to meet stakeholder needs,” J&J CEO Alex Gorsky said in a press release. “We continue to progress our COVID-19 vaccine candidate and look forward to sharing details from our Phase 3 study soon.”

This is a developing story. Please check back for updates.

This article was originally published by Cnbc.com. Read the original article here.